Schooling Choices and Demographic Cycles
利用美国数据发现，出生在人口增长期的人比出生在人口下降期的人获得更多教育，且完成每学年所需时间更长，这一模式比现有理论预测更复杂。
This paper examines the effect of demographic cycles on schooling choices and the timing of school completion. Utilizing data from the [U.S.] National Longitudinal Surveys of Labor Market Experience and from the Panel Study of Income Dynamics we find that men and women born during the upswing of a demographic cycle obtain more schooling and take longer to finish a year of schooling than comparable individuals born during the downswing of a demographic cycle. The patterns that we document are more complex than would be predicted by any of the theoretical models of educational responses to demographic cycles that have been presented in the literature. (EXCERPT)